As the sun sets on 2019, most businesses do not have the luxury of downtime. They are gearing up for an even more productive year. The last quarter is time to reflect on what went well and to review areas of sluggish growth. In response to feedback, business owners set goals for the new year. Here are a few best practices that will help prepare your business for 2020.
Review Vision and Mission Statements
Each year represents a time of renewal and a chance to start with a clean slate. Start these preparations with your existing mission statement in mind. Consider if your company vision is currently being shared by employees and executive staff members. Use the year end review to determine if your mission statement was met frequently or rarely – then make the necessary changes to move forward. In some cases of extreme growth or slow down, it may be a good idea to refresh or create a new vision for the company moving forward.
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